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TrueNorth
company
About
TrueNorth offers software that helps truckers manage insurance, fuel, and maintenance.
- 11 - 50
Details
- Last Funding Type
- Series B
- Last Funding Money Raised
- $50M
- Industries
- Logistics,Software,Transportation
- Founded date
- Sep 1, 2019
- Number Of Employee
- 11 - 50
- Operating Status
- Active
TrueNorth aims to fix inefficiencies in the independent, yet fragmented, trucking industry.TrueNorth, established by Stedge and Sanjaya Wijeratne, develops software that puts “independent truckers under one roof.” While TrueNorth doesn’t lease trucks, it helps truckers have a platform to manage insurance, fuel, and maintenance.TrueNorth also helps truckers with route optimization, dispatch and load coordination, and automated tracking.
Funding Rounds
Number of Funding Rounds
Total Funding Amount
1
$50M
TrueNorth has raised a total of
$50M
in funding over 2 rounds. Their latest funding was raised on
Dec 8, 2021 from a Series B round.
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Dec 8, 2021 | Series B | $50M | 1 | — | — | Detail |
Investments
Number of Investments
Number of Lead Investments
4
0
TrueNorth has made 4 investments. Their most recent investment was on
Feb 24, 2022, when Bhanzu raised ₹150M.
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